Academy Mortgage, LLC - Central Florida
385 Douglas Avenue · Suite  2050
Altamonte Springs, FL 32714
Tel: (407)788-0071 · Fax: (407)788-0025
1-800-420-5515
Matt Biallas, Regional Manager
http://academyloansonline.com

We Know Reverse Mortgages!

Academy Mortgage was established to provide seniors with the peace of mind only financial security can give.  Through the Reverse Mortgage program, Academy offers seniors a unique opportunity to obtain financial stability while remaining in the comfort of their own home.  Since 1990, Academy Mortgage has helped thousands of seniors realize the American dream of being safe and secure in the home they own.

• FHA Home Equity Conversion Mortgage (HECM)
• Fannie Mae Home Keeper
• Cash Account “Jumbo” Loan

Academy’s team of Reverse Mortgage advisors is always available to answer questions and meet seniors in their homes to facilitate the application process.  Academy Mortgage professionals are experts in Reverse Mortgages.  Each member of the team works closely with seniors to ensure a smooth financial transaction and stress-free experience.

There are no income or credit requirements and the money received from the Reverse Mortgage is tax-free because the proceeds are considered a loan, not income.  By letting your home pay you back, the equity you convert opens new opportunities.  At Academy Mortgage, we unlock the financial potential of your home.  Best of all, you will NEVER be forced to leave the security of your home or make a payment as long as you live in your home.

At Academy Mortgage, we take pride in our ability to give our customers the personal service you will not find from most institutions. Our experience, courtesy and prompt service sets us apart from the rest.

The Loan Process

At Academy your satisfaction is as important to us as your home is to you.  Our team spends time educating seniors and their families on the different types of loan programs, along with the different stages of the process.  From the initial information gathering, answering questions and analyzing your financial situation to arranging an informal session with a HUD/FHA certified Reverse Mortgage counselor, Academy helps seniors understand their options.

Our Loan Advisors will meet with you in the comfort of your home to obtain the necessary documents and signatures for the application.  Your Loan Advisor will work with a Processing Specialist and title company to obtain the necessary documentation.  Upon underwriting approval, you will be contacted to schedule the closing time and to determine how you wish to receive the proceeds of your loan. Payments may be made to you as a Lump Sum Payment, Line of Credit, Tenure or Term Plan or any combination of these options. In most cases the closing can be done in the comfort of your home.  Within 30 days of the closing you will receive a Welcome Package from the Servicing Department with instructions on how to obtain funds from a line of credit.